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The Biden 2024 campaign raised more than $72 million in the second quarter.

U.S. President Joe Biden and Vice President Kamala Harris smile after signing the Emmett Till Anti-Lynching Act, making lynching a hate crime under federal law, during a ceremony in the Rose Garden of the White House on March 29, 2022 in Washington, DC. are giving

Nicholas Com AFP | Getty Images

President Joe Biden raised more than $72 million in the second quarter of this year for his 2024 re-election effort, according to the Biden-Harris campaign.

This largely took place between April 1 and June 30. The fundraising success spanned all of Biden’s re-election efforts, including his campaign and joint fundraising committees. Joint entities also raise money for the Democratic National Committee and all 50 state Democratic Party committees.

Biden entities ended the quarter with a combined $77 million in cash for next year’s presidential campaign, which is poised to be the most expensive in U.S. history. Vice President Kamala Harris has also taken an active role in fundraising for the Biden team, including attending numerous small- and large-dollar events.

Biden also pushed the 2024 campaigns of former President Donald Trump and Florida Gov. Ron DeSantis, the leading contenders in the Republican presidential primary.

Trump’s campaign raised more than $35 million during the same period. DeSantis’ campaign, which officially launched in May, has raised $20 million. DeSantis’ ally Super PAC, Never Back Down, has raised $130 million since DeSantis entered the race.

The Biden campaign said his $77 million in cash for Team Biden “represents the most money raised by a Democrat at any comparable point in history.”

Biden’s campaign manager, Julie Chavez-Rodriguez, said in a statement that his fundraising success reflects how he believes Republicans are burning through their resources in the primary.

“While Republicans are burning through resources in a divisive primary focused on who can take the most extreme MAGA positions, we’re advancing each of them significantly — because the strength of our team We have grassroots supporters,” Rodriguez said.

This is a developing story, please check back for updates.


Source by [CNBC News]



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